Crypto.com Pulls Plug on $495M Champions League Sponsorship Deal: Report

The deal, which had reportedly been agreed in principle, would have seen Crypto.com take over as sponsor from Russian-state owned energy company Gazprom. UEFA, Europe's governing body for soccer, cancelled the Gazprom contract in March following Russia's invasion of Ukraine. Crypto.com scrapped the deal because of regulatory concerns in the U.K., France and Italy, with legal issues surrounding the scope of its licenses to trade and operate, SportBusiness said.

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